XfmGroup(SH:603225) Zhi Tong Cai Jing·2025-12-12 12:42Core Viewpoint - The company plans to enhance its profitability and resource allocation by launching a 360,000 tons/year functional fiber project in Egypt [1] Group 1: Project Details - The project will be executed by the company's wholly-owned subsidiary, Jiangsu Xintuo New Materials Co., Ltd. [1] - Two wholly-owned subsidiaries, Xinfengming Industrial (Hong Kong) Co., Ltd. and Bess Road Development Co., Ltd., have been established in Hong Kong and Singapore respectively [1] - A joint venture named Xinfengming (Egypt) New Materials Co., Ltd. has been formed in Egypt with a registered capital of 14 million USD, where Hong Kong Industrial holds a 70% stake and Bess Road holds a 30% stake [1] - The total investment for the project is approximately 280 million USD [1]